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California accuses Facebook of ignoring subpoenas in state’s Cambridge Analytica investigation

California accuses Facebook of ignoring subpoenas in state’s Cambridge Analytica investigation California’s attorney general Xavier Becerra has accused Facebook of “continuing to drag its feet” by failing to provide documents to the state’s investigation into Facebook and Cambridge Analytica. The attorney general said in a court filing Wednesday that Facebook had provided […]

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Vendr, already profitable, raises $2M to replace your enterprise sales team

Vendr, already profitable, raises M to replace your enterprise sales team Vendr has developed an enterprise SaaS solution for managing enterprise SaaS. The new startup, founded by InVision’s former head of enterprise sales Ryan Neu, is another standout from Y Combinator’s latest batch. Contrary to the majority of those businesses, however, Vendr […]

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WeWork confirms an up to $8 billion lifeline from SoftBank Group; names new executive chairman

WeWork confirms an up to billion lifeline from SoftBank Group; names new executive chairman Confirming earlier reports, The We Company and SoftBank Group agreed to a new capital infusion which will see SoftBank committing $5 billion in new financing and issuing a tender offer for another $3 billion in buybacks for shareholders. […]

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Former Stitch Fix COO Julie Bornstein is rewriting the e-commerce playbook

Former Stitch Fix COO Julie Bornstein is rewriting the e-commerce playbook More than two years after Julie Bornstein–Stitch Fix’s former chief operating officer–mysteriously left the subscription-based personal styling service only months before its initial public offering, she’s taking the wraps off her first independent venture. Shortly after departing Stitch Fix, Bornstein began […]

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Nyca Partners raises $210M to invest in fintech startups

Nyca Partners raises 0M to invest in fintech startups Nyca Partners, a firm with investments in financial technology businesses including PayRange, Trellis, Affirm and Acorns, has collected another $210 million for its third venture capital fund. Located in New York, Nyca’s debut fund closed on $31 million in 2014. Its second fund, […]

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Only 2% of genomic material available for research comes from Africa, 54gene wants to change that

Only 2% of genomic material available for research comes from Africa, 54gene wants to change that New advances in genetic mapping and manipulation hold the promise of reshaping medical treatments in the 21st century, but thanks to a lack of sufficient infrastructure and apparent scientific disregard, an entire continent is at risk […]

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Lime’s founding CEO steps down as his co-founder takes control

Lime’s founding CEO steps down as his co-founder takes control In an all-hands meeting this afternoon, the scooter and bike-sharing phenom Lime announced co-founder and chief executive officer Toby Sun would transition out of the C-suite to focus on company culture and R&D. Brad Bao, a Lime co-founder and long-time Tencent executive, […]

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To fund Y Combinator’s top startups, VCs scoop them before Demo Day

To fund Y Combinator’s top startups, VCs scoop them before Demo Day Hundreds gathered this week at San Francisco’s Pier 48 to see the more than 200 companies in Y Combinator’s Winter 2019 cohort present their two-minute pitches. The audience of venture capitalists, who collectively manage hundreds of billions of dollars, noted […]

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With $90 million in funding, the Ginkgo spinoff Motif joins the fight for the future of food

With million in funding, the Ginkgo spinoff Motif joins the fight for the future of food Continuing its quest to become the Amazon Web Services for biomanufacturing, <a href=”http://ginkgobioworks.com/”>Ginkgo Bioworks has launched a new spinoff called Motif Ingredients with $90 million in funding to develop proteins that can serve as meat and […]

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With a new deal for customers and a fresh $23 million, Mayvenn extends its hair care business

With a new deal for customers and a fresh million, Mayvenn extends its hair care business Pitching customers a new all-inclusive service for buying and installing hair, Mayvenn is looking to significantly expand its haircare business and just raised $23 million in a new round of funding to do it. The new […]

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